Correct and I agree.
Going to be very exciting for XCRT for the rest of 2023 and into 2024. I will be eagerly awaiting their financial results for Q3 and the 2023 Annual.
The current roughly 70% decline from the recent high of $.1356 is just standard OTC "craziness" imo. I'm not going to predict future price action, but once XCRT finds a stable bottom, I can practically guarantee there will be a strong uptrend that will eventually surpass that high.
Please see my disclaimer below.
Reading filing right now. See small revenues in the past from both ESN and Cermedx.
But then late in the filing this statement appears (on page 11):
Face it. MVNT isn't a short-term get rich quick play.
Those who continually beat the drum of quick riches are doing a disservice to those who are content to hold MVNT for the long-term.
As I said earlier today, I DO expect MVNT to challenge the $.03 price level in the near future. Won't be today as some were saying and might not be next week even. But I'm confident it will come soon.
I'm done beating my drum for today.
Everyone have a nice weekend and looking forward to another week of watching the trading of MVNT!
Without any revenues in 2023, OTC flippers will continue to push XCRT share price down.
It pains me to say this, but this is NOT unusual for startups on the OTC who have no significant current revenues. In the meantime, I will continue to add XCRT shares in small amounts at current prices and down to wherever the bottom might be.
Looking forward to 2024 with fingers crossed.
Think the difference today (~60K) could be a small amount of retail selling.
There were 2 trades today at the bid for 60K shares in total (60556 shares to be exact).
Good news today/tomorrow should get us up to $.03.
Otherwise, next week.
As you can see from the chart, MVNT has about a 5-month uptrend in place. However, it has been a "slow" grind with very few sharp moves up. Not expecting this to change in the near future.
But what the heck. This is the OTC after all and almost anything goes in this marketplace. For example, who could have "predicted" the 3 days of sharply lower priced trades? Not me! First $.104, then $.0145, and finally $.0081 (9/12 to 9/14). Of course, price improved quickly on all 3 days and closed above $.02 on all 3 of those days. Just an example of the craziness you can find on the OTC (as I'm sure you are well aware of).
So far we have 2 5-digit trades.
iHub doesn't call either trade a buy or a sell, because the trades were exactly halfway between the bid and ask prices.
The only drawback I see to recent trading is the extremely low volumes (the only recent exception was the ~2.2M on 9/14). I really don't see how OTC traders will remain interested or engaged with a ticker that has such low volumes.
Maybe Linh will decide to do a reverse split in order to move up to a NASDAQ listing? I would be all in favor of such a move despite the fact that the number of shares I hold would be reduced. I believe that any initial price decrease would be more than overcome by a positive reception from "real" investors who focus more on the long-term potential of a company rather than the usual short-term focus of most OTC traders. jmho
Look at the 2-year chart linked below.
It's becoming a thing of beauty!!
Click the text below for another chart view. Set for "2 years", "daily", and "line display".
This chart looks good too.
Whooppee. One close above $.026 will confirm my previous chart analysis.
Will also put MVNT within striking range of $.03. I have pegged $.0295 to $.0300 as the next area of probable resistance.
Of course, any good news surprise could propel MVNT above that level easily!